Bridge Street

For Sale: Bridge Street, Troedyrhiw, Merthyr Tydfil, CF48 4DT

Asking Price: £180,000
Freehold Property
Mixed-Use Residential and Commercial Premises

Investment Opportunity

This versatile mixed-use property offers a unique opportunity to acquire a freehold investment in a prime Troedyrhiw location. The property is split into a double-fronted retail shop to the ground floor and residential accommodation to the rear and first floor, providing a strong and flexible income stream.

Commercial Unit:

• Ground floor double-fronted shop, split into two halves.
• Left side currently available to let  for £300 per month
• Right side available to rent at £300 per month; previously let for £500 per month (both units) between July 2023–May 2024 and November 2024–May 2025, with minimal vacancy periods.
• Shared toilet facilities.

Residential Unit:

• Rear ground floor studio flat with kitchenette and shower/WC, separate entrance.
• First floor comprises a shared kitchen and 3 en-suite bedrooms.
• Residential rooms are let individually via SpareRoom, offering flexible rental options.
• Occupancy and weekly rents for rooms:

Gross Income:

• Weekly: £616
• Monthly: £2,669
• Annual (last 12 months): £32,028

Costs:

• Council Tax: £140
• Elec/Gas: £200
• Water: £60
• Internet: £30
• Insurance: £40
• Cleaning: £80
• Maintenance: £50
  Total Annual Costs: £7,200

Net Income:

• Monthly: £2,067 (if self-managed)
• Annual: £24,806
• Costs as % of gross income: 22.5%

Net Yield: 13.78% based on asking price of £180,000

Property Layout

Ground Floor:

• Double-fronted retail unit to the front (split into two lettable halves).
• Rear studio flat with kitchenette and shower/WC.

First Floor:

• 3 en-suite bedrooms.
• Kitchen shared by residential tenants.

External:

• Rear yard.

Key Investment Features

• Freehold mixed-use property in a strong rental location.
• Sitting tenants in both commercial and residential units, providing immediate income.
• Commercial tenants are responsible for all bills and business rates; minimal landlord costs.
• Flexible residential lettings via SpareRoom with individual room occupancy.
• Strong net yield of 13.78%, ideal for investor portfolios.
• Long lease options and previously higher rental income indicate potential for further growth.

Summary:

17-18 Bridge Street presents an exceptional opportunity for investors seeking a low-maintenance mixed-use property with strong existing income and further potential to maximise returns. With separate access to the residential parts and a versatile commercial unit, the property offers security and flexibility for a range of investment strategies.

Get in touch with the team